You are provided with the following financial information for Don Store Pty Ltd, a business selling cosmetics for women in the South Africa.

Don Store PTY LTD

COMPARATIVE BALANCE SHEETS

AS AT JUNE 30

2020 2019

Current Assets
Cash on Hand	$2 400		$8 000
Cash at Bank	870		2 018
Accounts Receivable (net)	19 464		9 000
Inventory	56 000		36 000
Prepaid Expenses	3 300	$82 034	1 300	$56 318
Non-Current Assets
Plant and Equipment	167 000		128 000
less Acc. Depreciation	(46 000)	121 000	(35 200)	92 800
Land		160 000		360 000
Total Assets		363 034		509 118
Current Liabilities
Bank Overdraft	12 804		-
Accounts Payable	6 470		5 600
Accrued Expenses	1 560		1 580
Tax Payable	2 620	23 454	2 400	9 580
Non-Current Liabilities
Bank Loan		40 000		40 000
Total Liabilities		63 454		49 580
Net Assets		$299 580		$459 538
Equity
Capital		299 580		459 538
		$299 580		$459 538

Don Store PTY LTD

INCOME STATEMENT

FOR THE YEAR ENDED JUNE 30, 2020

Net Sales		$230 464
Cost of Sales	90 400
Less: Discount received	560	89 840
Gross Profit:		140 624
Other Revenue:
Interest received		80
		140 704
Expenses:
Selling & Admin Expense	38 000
Doubtful Debts Expense	708
Depreciation Expense	10 800
Interest Expense	7 600	57 108
Profit before tax		83 596
Income tax expense		7 596
Profit		$76 000

• Additional Information
• Land was sold for $200,000 cash during the year.

REQUIRED: Prepare a statement of cash flows in the table given below. You must show all calculations.

RIDE YOUR BIKE PTY LTD

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2020

	$	$
Cash Flows from Operating Activities
Receipts from customers
Payments to suppliers & employees
Cash generated by operations
Interest received
Interest paid
Income tax paid
Cash Flows from Investing Activities
Payment for plant and equipment
Proceeds from sale of land
Cash Flows from Financing Activities
Proceeds from loan
Drawings
Net increase / decrease in cash held
Cash at the beginning of the year
Cash at the end of the year